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Fed expected to hike interest rates for first time since 2023. See what it means for your money.

Summary by CBS News
The Federal Reserve is likely to raise borrowing costs on Wednesday, and more hikes could be in store, according to economists.

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FOMC meeting expected to result in first rate hike since 2023: Bloomberg

The anticipated rate hike could signal a shift in monetary policy, impacting economic growth, inflation control, and market stability.

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CBS News broke the news in New York, United States on Tuesday, September 15, 2026.
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